Press Release, FDJP, 08.07.2009
Swiss Law Prohibits Handing Over Client Information
Response to Opinion of the U.S. Authorities in the UBS Case
In their opinion of June 30, 2009, the U.S. authorities had stated in particular that UBS would not have to expect a criminal proceeding if it handed over the client information. In a brief response, Switzerland makes it perfectly clear that Swiss law prohibits UBS from complying with a possible order by the court in Miami to hand over the client information. In addition, on the basis of the Federal Council’s decision of principle, UBS will by no means be in a position to comply with such an order. According to that decision, all the necessary measures should be taken to prevent UBS from handing over the information on the 52,000 account holders demanded in the U.S. civil proceeding.
The Federal Department of Justice and Police (FDJP) is responsible for implementing the decision. If circumstances require, the FDJP will issue a corresponding order. The order prohibits UBS explicitly from handing over client information.
For the complete documentation see the pages in German, French or Italian
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